Old Dominion Announces Rate Increase

August 23, 2011

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Old Dominion Freight Line will increase its base rates by about 4.9% effective Sept. 6.

The general increase involves a restructure that provides for increases based on length of haul rather than the traditional across the board increases.

The tariffs affected by the Sept. 6 increase are the ODFL 559/555 and the 505 Canadian tariffs. The rate increase will also provide for a nominal increase in minimum charges in intrastate, interstate or cross border lanes.

Although each customer will have a different financial impact based on the lanes and distance their shipments move, the overall impact of the increase is approximately 4.9%, and similar increases will also be taken on Alaska, Hawaii, Puerto Rico, Caribbean, Canada and Mexico.

The increases at ODFL follow similar rate hikes taken by other LTL carriers.

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